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Tax Audit Applicability, Income Tax |
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Tax Audit Applicability |
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Dear Experts, Whether sale of TDR (by developer) counted in Turnover for the purpose of applicability of tax audit? If yes what would be tax audit limit for pvt. ltd co? If it declares profit less than 8% or say loss then will it be required to get it's accounts audited? Thanks Bipin Posts / Replies Showing Replies 1 to 2 of 2 Records Page: 1
Yes TDR sale is to be counted for Tax Audit Limit which is ₹ 1 Cr and Sec 44AD provision of declaring 8 % profit is not applicable for Co.
Thank you sir for your response. Page: 1 Old Query - New Comments are closed. |
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